Opus Leverages Deep Industrial Expertise on 1.2M Square Foot Spec
Opus, collaborating with AEW Capital Management, L.P. in a joint venture partnership, is bringing its industrial expertise to a new Chicago suburb – Joliet, Ill. – with a 1.2-million-square-foot speculative building.
Near the intersection of U.S. Route 6 and Hollywood Road, Opus purchased the 75-acre parcel from Ketone Partners in 2017. The building will break ground this spring and will be ideal for up to two e-commerce or intermodal logistics operations with 500,000 square foot leases or a single user. The building will feature 36-foot clear height in a cross-dock configuration and an ESFR (Early Suppression Fast Response) sprinkler system. The design allows for over 200 loading docks, up to 450 trailer positions and parking for 225 vehicles with room for expansion.
Construction will begin in spring 2017 with completion in summer 2018.